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Imperial College London start-up raises $5M for tech that keeps robots from crashing

By Jesse Schwartz
Published: October 3rd, 2018

A start-up from Imperial College London has raised $5 million in funding to develop and commercialize advanced navigation systems for drones and robots.

SLAMcore’s technology uses artificial intelligence to help robotic systems better understand and navigate unfamiliar surroundings, such as dense urban areas or inside buildings, in order to prevent crashes.

This kind of technology, known as simultaneous localization and mapping (SLAM), already exists within most robots, and tech companies both big and small are developing a wide variety of SLAM systems for the market. But according to SLAMcore CEO Owen Nicholson, the technology isn’t being developed in the proper way.

“The big companies are looking to use SLAM technology as a part of their own products and are not developing it as a solution in its own right,” he says. “This means for Google or Facebook, there are lots of other companies trying to build robots who can’t necessarily build the team or don’t have access to the quality of algorithms they need to do this well.”

SLAMcore’s mission is to bridge the gap for smaller companies developing robots by offering an accessible and commercially viable technology that can calculate an accurate and reliable position without the need for GPS.

The start-up plans to use the $5M raised from Amadeus Capital Partners and other investors to further develop its SLAM system, such as implementing detailed mapping solutions that can create reconstructions of a robot’s surroundings in real-time.

“We’re really just trying to democratize robots,” says Nicholson. “It shouldn’t be the reserve of just a handful of tech giants, because that’s not good for innovation.”

Source: The Telegraph

Posted under: Tech Transfer e-News

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